Notable Put Options Activity in Corcept Therapeutics

Shares of Corcept Therapeutics

are lower on the session by 0.29%, currently trading at $3.43. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $2.50 put, which has traded 2,700 times on open interest of 236 contracts. Put volume is outpacing call volume by 8 to 1. Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery and development of drugs for the treatment of severe metabolic and psychiatric disorders.